U.S. third-quarter GDP (gross domestic product) grew at an annualized rate of 4.9 per cent. This followed second-quarter growth of 2.1 and first-quarter of 1.1 per cent. Rather than the widely predicted recession, the U.S has experienced accelerating growth. Canada, on the other hand, is flatlining, with first-quarter growth of 0.8 per cent, second-quarter at […] Read more
The tale of two economies
Strong energy prices would normally lead to a strong Canadian currency
Picks and shovels for the alternative energy industry
The dominant players in the biofuels sector today are the traditional grain handlers and processors
It’s said that the big money, in gold rushes of yore, wasn’t in the gold miners but in those who supplied the picks and shovels. Vendors of sins, booze and brothels also did well. With this issue we’ll have a look at companies that, while not wholly reliant on alternative energy, stand to benefit from […] Read more
More investing opportunities in alternative energy
A look at wind and solar energies and electric vehicles
My last column looked at potential investments in nuclear and geothermal, two viable alternative energy sources. Let’s now look at possibilities in what’s considered the alternative energy holy trinity of wind, solar and electric vehicles. These three areas have taken most alternative energy investments over the past decade. Estimates of what has already been spent […] Read more
Investing opportunities in alternative energy
Why can’t we have a rational debate in search of pragmatic goals?
Some of my past writings may have left you with the impression I exhibit Luddite-like attitudes toward new sources of cleaner energy. That wouldn’t be an accurate impression as I have been investing in alternative energy for a long time. I simply wish there was a more fact-based, rational discussion on the pros and cons. […] Read more
Stop blaming the boogeyman
In this column, I’d like to discuss two items, wildfires and economic efficiency, which at first glance appear unrelated, but are they? Once again, climate alarmists are using a truly unfortunate situation for political gain and justification of their anti-oil positions. Admittedly, in Figure 1, the 2023 data looks scary, but the overall graph is […] Read more
A few things I don’t like about corporate behaviour
Pet peeves about stock option awards, share buybacks and more
Generally, I write very supportively of our capitalist system as in last September’s column, “Profit is not a four-letter word.” This time I will outline several items that often reduce shareholder returns and provide fodder for socialist attacks on the capitalist system that is responsible for our high standard of living. Excessive stock option rewards […] Read more
Why would a farmer be interested in stocks?
The goal is to make money and grow your asset base
Over the past five years, I hope to have convinced some to gather a nest egg in stocks, whether in a TFSA, RRSP or a taxable account. I am curious if you have started because of what I have written and how many are following the Titanium-Strength Portfolio (TSP). Please send a short email to […] Read more
Interest rate herky-jerky
What led to the demise of Silicon Valley Bank?
Here’s my definition of herky-jerky: an overreaction of equal magnitude but opposite direction to previous overreaction. Disclosure: I am in no way an expert on the nuances of money supply and the inner workings of bank policy. What follows is my layman’s perspective of what caused the March bank panic. To say I am puzzled […] Read more
Do you have to sell in order to profit?
Investing for Fun and Profit: Measuring and benchmarking are key to understanding performance
According to a Bloomberg article, average retail investors lost 30 per cent in 2022, significantly underperforming the 17 per cent loss of the S&P 500. While this is U.S. data, it seems unlikely that Canadian investors fared much better given the excitement around technology and disdain for energy. This was by no means an anomalous […] Read more
How do market participants decide what to buy?
Steps in the selection process
There is no shortage of jargon and theories on how to select the best stocks. This column will attempt to describe the main processes people use, and what my 40 years of experience has taught me about them. Hearsay or hot tips During the speculative buildup to The Great Depression, shoeshine boys provided hot tips […] Read more
Cyber-Savvy Farmer
